Empiric Student Property (LSE:ESP) Long-Term Capital Lease Obligation : £0.90 Mil (As of Jun. 2024)

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What is Empiric Student Property Long-Term Capital Lease Obligation?

Empiric Student Property's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was £0.90 Mil.

Empiric Student Property's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (£1.10 Mil) to Dec. 2023 (£1.00 Mil) and declined from Dec. 2023 (£1.00 Mil) to Jun. 2024 (£0.90 Mil).

Empiric Student Property's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (£0.90 Mil) to Dec. 2022 (£1.20 Mil) but then declined from Dec. 2022 (£1.20 Mil) to Dec. 2023 (£1.00 Mil).

Empiric Student Property Long-Term Capital Lease Obligation Historical Data

The historical data trend for Empiric Student Property's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Empiric Student Property Long-Term Capital Lease Obligation Chart

Empiric Student Property Annual Data

Trend

Jun15

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.90

1.20

1.00

Empiric Student Property Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													1.42	1.20	1.10	1.00	0.90

Empiric Student Property (LSE:ESP) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Empiric Student Property Long-Term Capital Lease Obligation Related Terms

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Empiric Student Property Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Empiric Student Property PLC (LSE:ESP) » Definitions » Long-Term Capital Lease Obligation

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Address

72 Borough High Street, 1st Floor Hop Yard Studios, London, GBR, SE1 1XF

Website

https://www.ambipar.com

Empiric Student Property PLC is a real estate company. It is engaged in investing in and managing premium purpose-built student accommodation in central locations in prime university cities and towns in the United Kingdom. Its investment portfolio includes Centro Court, Canal Bridge, Brook Studios, James House, and Edge Apartments among others. The company earns operating revenue from student accommodation rental.